SPDR S&P Transportation ETF (NYSEARCA:XTN) Trading Down 0.5% – Here’s Why

Shares of SPDR S&P Transportation ETF (NYSEARCA:XTN) dropped 0.5% during mid-day trading on Monday . The stock traded as low as $114.51 and last traded at $114.72. 21,006 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 67,332 shares. The stock had previously closed at $115.27.

SPDR S&P Transportation ETF Stock Down 0.5%

The business’s fifty day moving average is $110.70 and its 200-day moving average is $102.88. The company has a market cap of $404.96 million, a PE ratio of 16.16 and a beta of 1.36.

Hedge Funds Weigh In On SPDR S&P Transportation ETF

Large investors have recently added to or reduced their stakes in the company. Brookstone Capital Management bought a new stake in SPDR S&P Transportation ETF in the 4th quarter valued at $1,678,000. PNC Financial Services Group Inc. grew its position in shares of SPDR S&P Transportation ETF by 202.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,814 shares of the company’s stock valued at $805,000 after purchasing an additional 5,900 shares in the last quarter. UBS Group AG grew its position in shares of SPDR S&P Transportation ETF by 332.6% during the fourth quarter. UBS Group AG now owns 59,024 shares of the company’s stock valued at $5,393,000 after purchasing an additional 45,379 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of SPDR S&P Transportation ETF by 41.5% in the third quarter. JPMorgan Chase & Co. now owns 634 shares of the company’s stock worth $53,000 after purchasing an additional 186 shares during the last quarter. Finally, Western Wealth Management LLC bought a new stake in shares of SPDR S&P Transportation ETF in the first quarter worth about $105,000.

About SPDR S&P Transportation ETF

The SPDR S&P Transportation ETF (XTN) is an exchange-traded fund that is based on the S&P Transportation Select Industry index. The fund tracks a broad-based, equal-weighted index of US stocks in the transportation industry. XTN was launched on Jan 26, 2011 and is managed by State Street.